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Measuring the success of fiscal consolidations [PDF]
Applied Financial Economics, 2012 We measure the success of fiscal consolidation, with alternative definitions, based on ad-hoc quantitative approaches and on a policy-action approach. The cyclically adjusted primary balance, and the duration of the consolidation contribute for its success, and the opposite applies for revenue-based consolidations.
António Afonso, João Tovar-Valles
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Do Political Factors Affect Fiscal Consolidation? Evidence From Spanish Regional Governments
SAGE Open, 2022 This paper empirically examines the political factors behind the different fiscal consolidation paths across Spanish regions over the period 2004 to 2017.
Alberto Vaquero-García +2 more
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The Output Effect of Fiscal Consolidations [PDF]
SSRN Electronic Journal, 2012 Fiscal consolidations achieved by means of spending cuts are much less costly in terms of output losses than tax-based ones. The difference cannot be explained by accompanying policies, including monetary policy, and it is mainly due to the different response of business confidence and private investment. We obtain these results by studying the effects
Alberto Alesina +2 more
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Fiscal Consolidation The Indian Experience
Indian Journal of Economics and Finance, 2022 Fiscal consolidation methods have always been under lens since their origin with newer and more stringent way of monitoring them. Still the elected policymakers tend to find a way to manage them so as to not to lose the externality benefits of higher fiscal deficits in term of electoral gains. This paper analyses the fiscal adjustment programme adopted
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THE POLICY OF FINANCIAL CONSOLIDATION AND ECONOMIC DEVELOPMENT IN THE FACE OF EXTERNAL SHOCKS
Финансы: теория и практика, 2018 Topic. The article discusses the policy of progressive fiscal consolidation carried out in developed countries and in Russia. There is also a characteristic of fiscal policy in Russia. Purpose.
I. S. Bukina
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Effects of fiscal consolidation in Western Balkan Countries [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2019 The global economic crisis has not spared the countries of the Western Balkans. The ensuing recession, characterized by a decline in economic activity, a decline in consumption and an increase in unemployment, went hand in hand with drops in public ...
Milenko Krajišnik +2 more
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OECD Economic Policy Papers, 2012 The economic and financial crisis was the catalyst for a fiscal crisis that engulfs many OECD countries. Consolidating public finances in order to address the consequences of the crisis, underlying weaknesses and also future spending pressures creates important challenges. Fiscal consolidation requires choices to be made about how much consolidation is
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Fiscal multipliers in South Africa after the global financial crisis
South African Journal of Economic and Management Sciences, 2022 Background: South Africa’s fiscal position has deteriorated considerably over the last 10 years, with debt levels reaching historical highs in the post-apartheid period.
Theo Janse van Rensburg +2 more
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Fiscal Reforms during Fiscal Consolidation: The Case of Italy [PDF]
FinanzArchiv, 2012 We discuss the strengths and weaknesses of the fiscal consolidation package adopted by Italy in 2011. Estimated at 3.3% of GDP, the tax measures were introduced to reduce public deficits without weakening the prospects of economic recovery or producing adverse redistributive outcomes.
Arachi Giampaolo +6 more
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Is there an alternative strategy for reducing public debt by 2032? [PDF]
Panoeconomicus, 2014 EMU countries have engaged in fiscal consolidation since 2011. This strategy has proven to be costly in terms of GDP. This cost has been amplified by the fact that fiscal multipliers are high in time of crisis, as recently stressed by the ...
Blot Christophe +5 more
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